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Insurance Technology: Newfront Raises $200M; EvolutionIQ Brings In $21M

April 13, 2022


Insurance brokerage platform Newfront announced a $200 million investment at a $2.2 billion valuation led by the Goldman Sachs Asset Management and B Capital with participation from existing investors including Founders Fund and Meritech Capital.

Newfront said it plans to grow its technology teams and focus on harnessing data-driven insights for clients. The company also plans to expand across the U.S.

The platform serves commercial risks, risk management, employee benefits, private client and retirement services brokerage.

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